Topic: I'll always tell people about bitcoin (Read 860 times)

In my experience, teaching friends or other people to understand Bitcoin is very difficult. Many people need more time to study it to understand it and understand the deeper implications of bitcoin. So it should come as no surprise that for most of those who have probably only heard of it once or twice, Bitcoin is still a foreign concept. when it's something they don't understand, it's easier to spread misinformation.

Therefore, I very rarely teach bitcoin to friends and other people unless they really want to be alone and want to know about bitcoin themselves. I'm new to bitcoin but when I tell my friends they think I invited them to MLM. Even though I have explained in detail how bitcoin works, it is difficult for them to accept.

It's not much different now, people just say "AH OH" when told about bitcoin, some are excited but find out there was no action at all.

It is not that people avoid educating people about bitcoin, but it is not easy to teach someone about something, especially when they do not know anything about what you are bringing up, so that is what many people are avoiding. Some people have the interest to introduce bitcoin to people close to them, but are these people going to understand what you are trying to teach them? That is what you should first consider if you want to teach, and you know that teaching is a method. Some people may know something, but they find it difficult to teach another person in a way that they will understand.

However, people who lost their good relationship because they introduced their family members to bitcoin will be the ones to blame themselves because if they follow the right way in which they are supposed to teach their relatives about bitcoin investment, I don't think they will have problems even if the investment goes wrong since the investor knows that there is risk involved in where he puts his money. However, who knows? Maybe the bitcoiner did not tell them that about the risk, and that is why they see his fault at the end.

why would they be blamed if they will just tell them ? expressing your opinion and letting them understand bitcoin
does not mean you are pushing them to invest instead your giving them another
option in life specially in their investmentsso never be blamed mate , instead help them understood life in other ways than what they have learned since day 1

Bitcoin, in general, is not too risky. Its level of risk depends on how you use it. If you are using Bitcoin for investment, that's where you will have to consider it a high-risk endeavor. However, what you are doing is good; at least you are helping people become educated about the risks. Some people think Bitcoin could lead to easy money, when in fact, what they often fall victim to are scam investments that ride on the popularity of Bitcoin.

As experts have said, one way to minimize the risk of investing in Bitcoin is through education. So, you are contributing to preventing people from misjudging Bitcoin, as they now comprehend the risks associated with investing.

i cannot deny that there are some people will really blame you in the end if ever you said  some good things about Bitcoin without doing their own research about what we are sharing it about it. But we must always remind people about the risk they could face once they try to invest in it. At least in this way they could think more better before buying Bitcoin.

And besides, this is not our duty to tell people about Bitcoin, and I think its enough for them to know  were the things you are doing it for your source of investment and income is came from Bitcoin.

Bitcoin is an important virtual currency, and we want to save it and keep it for the next generation, which makes it an important resource for our next generation.
Although it is complicated to use in Bangladesh, we still use it. Many people use it as their primary payment and, in real life, are dependent on it.
It is possible to legalise bitcoin if our country's government wants to, but there are some policymakers in our government who are not willing to do it, which is why bitcoin has not been legalised in our country so far.

Just as @lovesmayfamilis rightly said you can just tell them about bitcoin while they use the internet to do the rest research about bitcoin if they are interested they will on their volition invest in it. Today the internet has made life easier for humanity information is at everyone's finger tip, all you've got is to have an idea of the word you're searching for key it in and the rest is history.

We shouldn't take the risk of losing relationships with our friends and colleagues for an investment we convinced them of partaking in with their money cause for sure you will earn all the blames if anything go bad but when you only share the information like bitcoin and allow them to go for more informations about what they are told, the chances are that they will get wider information about bitcoin on their own both in the risk involved and profits too. And from there any decision taken its totally theirs without you in it.

People needs to be grounded in knowledge about whatever investment they will push their money into, we can't use the excuse of we having an intention of wanting to make their life more better and then hide the possible negative part of what we're introducing them into. That's a wrong way to go about it.

I don't see why anyone would be scared to introduce Bitcoin to their friends and family. I understand that the fact that Bitcoin is volatile scares most of you, because you think people would blame you later if they lose money, but that shouldn't be a reason for anyone to be scared. If you're telling your friends and family about Bitcoin, then you should also let them know the risks that are involved in investing their money in this asset; you will only set yourself up for blames if you fail to let them know the risks. But as long as you have told them about the risks, then I don't see why they would blame you later if things should go wrong, because you already told them what's likely to happen if they should invest.

You made a good point here. Though I would like to add that there are also those who push the blame to the ones that introduced Bitcoin to them. Like those who lost a big sum of money due to their greed and irresponsibility and blamed it to the one who told them about Bitcoin, even though they were already given a heads up and advised on the dos and don'ts.

If you really have the passion to spread bitcoin to people like you wrote in the contents of your post, then do it wholeheartedly. Because for me personally, doing that still feels very heavy to do. Because I personally have many considerations to be able to spread bitcoin to many people. It's like looking at the character of the people, seeing how they view things that are digital, so basically I look at the situation and conditions that exist in the environment where I live first. Then the result, the situation and conditions where I live, is not conducive to being taught about crypto currencies like bitcoin. Because the majority of the people around me are farmers and the majority are very clueless about technology as they are about digital things. So in that way, for now, spreading bitcoin where I live is arguably still very difficult.

It's not that it's absolutely impossible, but if you force it, the results will most likely not bear good fruit, and if it's like that, the newest one will be myself. So for now I prefer to be silent and keep a little secret from the people around me (except my family) about bitcoin and cryptocurrencies. Unless someone comes right out and asks me about bitcoin, I'll be more than happy to explain.

In my personal opinion, bitcoin cannot completely change someone's life for the better, because you need to know, not everyone who invests in bitcoin can benefit. But surely there will be, people who will get the loss too. So I will give advice to you, if you really insist, want to spread bitcoin. Don't forget to always be careful, and don't overly impose your ideology (about bitcoin) on other people.

yes, it's very easy to say, but when it comes down to the field, of course, it's very difficult, because we have the potential to be blamed if he suffers a loss, but what the op does is a good thing as long as the op is ready to be blamed by the person he invited the op to when he experiences a loss. so in this case the op must be good at socializing and there is no element of coercion when teaching or inviting people to invest in btc.

I personally still don't feel ready to tell people about Bitcoin. Because I personally am still in the learning stage and still feel I don't have enough insight to explain to many people.

Maybe one day when my knowledge of bitcoin has increased and I too have become a Bitcoin holder then maybe one day I will be bolder in telling people about bitcoin. But I would not dare to be direct to other people who are not emotionally close to me. So I think starting with our family and then working with our friends is the easiest step. We only have to inform and not to invite. So that everyone will still be free to choose whether to be interested or not in the end.

Do not let the people we talk to become uncomfortable with what we convey. And don't let us become people who are considered too fanatical by people because we are too passionate about spreading bitcoin awareness. So we have to do it naturally and not bother anyone we approach in this regard.

Bitcoin investments never make an investor lose but gain, but even then the investor loses a lot. Those who invested when the Bitcoin market reached its peak are currently facing huge losses. In that case we can definitely say Bitcoin gives an investor both profit and loss it is always risky and due to market volatility. But we know that the price of Bitcoin will be in a good position for a while, then the investors who are among the losers will get a profit if they wait long enough. But investors must have enough patience in this case and wait for a long time only to be successful. And since you are constantly promoting Bitcoin it's really great that you keep doing this so that people are interested to invest more in Bitcoin.

The initiative is punishable, you don’t need to take the initiative yourself and tell people about bitcoin. Why would anyone know that you have bitcoin? This is your safety, think about it, if someone knows that you have bitcoin, and one day bitcoin will cost a million dollars, then most likely there will be those who want to take it from you. I look at it as if you told anyone that you have gold, few people do this and the reasons are clear.

Introducing bitcoin to people won't be a bad thing for him, but it is a wish for everyone who wants to do so. Even though bitcoin transforms people from zero to heroes, there is one thing we need to know before doing so. The first thing you should consider is whether the individual or individuals you are introducing to bitcoin have the money to support themselves as well as the intention to invest in bitcoin. These are the first things you should be aware of before involving someone in bitcoin, because I have witnessed many relationships fall apart only because of bitcoin, and we need to be cautious about it.

I didn't mean to imply that it was bad to introduce people to bitcoin, but rather that since we are all aware that it has both a positive and a negative side, we should make an effort to understand each person's character or way of life before doing so. Additionally, we should strive to explain everything about bitcoin to them so that if something goes wrong or the market price drops, they won't hold you accountable or place any blame on you. This is because all people find it challenging to understand financial concepts.

That's exactly what everyone should do. Don't just go ahead and start convincing people that Bitcoin is good, it is profitable as an investment, it's anonymous, and it has many other useful features, etc. Let them hear about it themselves, do find out what it is and what it can be used for, and then if someone approaches you showing interest about it and asks you to tell them more about it, that's when you should go ahead and tell them everything you know including the risks involved.

If you go to people one by one, out of excitement, and tell them how good and useful Bitcoin is, they might not take you seriously and think that you are trying to promote something that will provide you with benefits if they join it, and people mostly tend to avoid things like that, that's why it's better not to do that.

As for me, I'm not scared and I'm willing to teach everyone about it but what I'm worried about is when they put the blame on me when their investment goes the wrong track and there are lots of incidences where the crypto market has gone down due to the volatility and some of the investors who don't know what they have done, blame the others for their failed investment. That's why instead, I only choose those who can simply understand the risk of investing and I will gonna highlight the scenario where they can use their investment despite the fact it has a higher chance to succeed because bitcoins investment historically has a higher chance of success rate if held for long term.

If someone blames you for introducing crypto to him it means this person has no idea about what investment is and what risks you take the moment you decide to invest. It is relevant not only for bitcoin and other cryptos , but for everything we can perceive as an investment, staring with stocks and ending with peoples relationships. You always should emphasise that you have no responsibility for other people’s choices and you only can make their way easier, because you obtain knowledge and experience in crypto.

You have to take risk to invest. If you don't take risk, you can't expect to get profit by investing. Many people are making money by investing in Bitcoin. Again, many people think that there is no possibility of losing money if they invest in Bitcoin.  It will be wrong to think. Profit and loss will depend on the market condition after investment. If you always invest with the thought of profit, it can cause a big problem for you. After investment, you have to accept both profit and loss.

I am always somewhere in between telling people about Bitcoin and not telling anyone because I have learn a lot, while I was finding my way up I have meet some people that only knows how to discourage me, even after telling them the opportunity that comes with Bitcoin investment, so I learn to keep my mouth shut.

Now I make sure that you are into online hustles that can bring you money before I can tell you about Bitcoin investment, I am not going to tell you about Bitcoin if you are a store owner or a trader, their mindset is always on something else, such people are harder to confuse about anything so its like a stress to me.

In my opinion, it is not important to confuse people into investing in Bitcoin, since people will eventually start rushing into Bitcoin themselves, and most people look for short-term gains anyway, so bitcoin investment does not appeal to everyone.